SET-listed TRC Construction Plc will team up with China Railway Corporation (CRC) to bid for Thailand’s rail development projects, expecting to capture a 10% share of the total project investment.
TRC chief executive Samai Leesakul said a new joint venture would be set up in which TRC, through its subsidiary Sahakarn, will own 40% and the Chinese firm the rest.
CRC is the national railway operator of China. It also operates rail commuter and freight transport via smaller companies.
“CRC is one of the biggest companies in China. It has specialised and new technology for rail transport construction, so we have a good partner to do the project,” Mr Samai said.
TRC also plans to bid on a few other projects this year to double its backlog to 10 billion baht by year-end, he said.
Source and full story: http://www.bangkokpost.com/business/news/442801/trc-joins-with-china-firm-for-railway-development
